Wonder what ramifications this will have ?
Not great for an already fragmented supply chain. Even short interruptions in manufacturing could be catastrophic to availability, especially right as the holiday shopping season kicks off.
Self inflicted when they boycotted Australian coal
Well, perhaps that’s a factor too…but the article has this in it too :
China has vowed to cut energy intensity - the amount of energy consumed per unit of economic growth - by around 3% in 2021 to meet its climate goals. Provincial authorities have also stepped up the enforcement of emissions curbs in recent months after only 10 of 30 mainland regions managed to achieve their energy goals in the first half of the year.
And then also with China flexing its military might and focused on S China Sea…could get interesting.